Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
 9 Months Ended
Feb. 29, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

$ in millions

February 29, 2020

Operating lease right-of-use assets, net of accumulated amortization

$

124.3

Operating lease liabilities, current(1)

37.6

Operating lease liabilities, non-current

105.1

Weighted average remaining lease term (in years)

4.71

Weighted average discount rate

2.06%

(1) The current portion of operating lease liabilities is reported in the other current liabilities line item on the Company’s Consolidated Balance Sheets. 

Components of Lease Expense

For the

For the

three months ended

nine months ended

In millions

February 29, 2020

February 29, 2020

Fixed payment operating lease expense

$

9.7

$

29.4

Variable payment operating lease expense

—

—

Short-term lease expense

—

0.2
Supplemental Cash Flow Information Related to Leases

For the

nine months ended

In millions

February 29, 2020

Cash paid for amounts included in the measurement of lease liabilities

$

31.4

Amortization of ROU assets

26.4

ROU assets obtained in exchange for new operating lease liabilities

18.0
Future Lease Payments

February 29,

May 31,

In millions

2020

2019(1)

2020

$

10.0

$

37.7

2021

39.5

29.9

2022

31.2

21.3

2023

23.2

13.8

2024

18.4

10.5

Thereafter

27.8

10.7

Total future lease payments

150.1

123.9

Less: imputed interest

7.4

—

Total operating lease liabilities

$

142.7

$

—

Current portion

$

37.6

$

—

Non-current portion

$

105.1

$

—

(1)Presented in accordance with legacy GAAP, ASC Topic 840, Leases.